🚨 GOLD PLUNGES BELOW $4,270 AS MARKETS REACT TO FED OUTLOOK
Gold fell 2.53% after the Federal Reserve left interest rates unchanged and signaled that inflation remains elevated.
Higher-for-longer rate expectations strengthened the U.S. dollar and pressured precious metals, sending gold below the $4,270 level.
📉 Traders are now watching upcoming inflation and labor market data for clues on the Fed's next move.
#Gold #Fed #FOMC #XAUUSD
$XAU
Gold fell 2.53% after the Federal Reserve left interest rates unchanged and signaled that inflation remains elevated.
Higher-for-longer rate expectations strengthened the U.S. dollar and pressured precious metals, sending gold below the $4,270 level.
📉 Traders are now watching upcoming inflation and labor market data for clues on the Fed's next move.
#Gold #Fed #FOMC #XAUUSD
$XAU